Marshall Wace LLP acquired a new position in Coca-Cola European Partners plc (NYSE:CCE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 84,117 shares of the company’s stock, valued at approximately $3,196,000.

Several other hedge funds also recently bought and sold shares of CCE. GSA Capital Partners LLP bought a new stake in Coca-Cola European Partners plc during the fourth quarter worth $2,096,000. Public Sector Pension Investment Board raised its stake in Coca-Cola European Partners plc by 3.9% in the fourth quarter. Public Sector Pension Investment Board now owns 44,420 shares of the company’s stock worth $1,406,000 after buying an additional 1,677 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Coca-Cola European Partners plc during the fourth quarter worth $562,000. Canada Pension Plan Investment Board raised its stake in Coca-Cola European Partners plc by 3.1% in the first quarter. Canada Pension Plan Investment Board now owns 660,441 shares of the company’s stock worth $24,892,000 after buying an additional 19,882 shares in the last quarter. Finally, Pinnacle Bank bought a new stake in Coca-Cola European Partners plc during the first quarter worth $182,000. 31.73% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Coca-Cola European Partners plc (NYSE:CCE)

Shares of Coca-Cola European Partners plc (NYSE CCE) traded down 0.71% during trading on Friday, hitting $40.56. The company’s stock had a trading volume of 952,361 shares. The firm’s 50 day moving average price is $39.83 and its 200-day moving average price is $35.84. Coca-Cola European Partners plc has a 52 week low of $30.55 and a 52 week high of $41.56. The company has a market cap of $19.23 billion, a PE ratio of 25.75 and a beta of 1.01.

Coca-Cola European Partners plc (NYSE:CCE) last released its earnings results on Thursday, May 4th. The company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.52 billion. Coca-Cola European Partners plc had a net margin of 8.49% and a return on equity of 21.76%. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts predict that Coca-Cola European Partners plc will post $2.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were given a $0.23 dividend. The ex-dividend date was Thursday, May 18th. This represents a $0.92 annualized dividend and a dividend yield of 2.27%. This is an increase from Coca-Cola European Partners plc’s previous quarterly dividend of $0.23. Coca-Cola European Partners plc’s payout ratio is presently 31.98%.

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CCE has been the topic of a number of recent research reports. ABN Amro reaffirmed a “sell” rating on shares of Coca-Cola European Partners plc in a research report on Friday, April 28th. Zacks Investment Research lowered Coca-Cola European Partners plc from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. JPMorgan Chase & Co. began coverage on Coca-Cola European Partners plc in a report on Monday, April 3rd. They issued a “neutral” rating on the stock. TheStreet raised Coca-Cola European Partners plc from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, Susquehanna Bancshares Inc set a $39.00 target price on Coca-Cola European Partners plc and gave the company a “hold” rating in a report on Thursday, May 4th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $42.43.

About Coca-Cola European Partners plc

Coca-Cola Enterprises, Inc (CCE) markets, produces and distributes nonalcoholic beverages. The Company serves customers across Belgium, continental France, Great Britain, Luxembourg, Monaco, the Netherlands, Norway and Sweden. The Company’s segments include Europe and Corporate. CCE is The Coca-Cola Company’s strategic bottling partner in Western Europe.

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